Market Overview:
The global polyurethane-based synthetic leather market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PU-based synthetic leather from various end-use industries, such as e-commerce, retail, hospitality, and utilities and telecommunication. In terms of type, the online payment segment is projected to register a higher CAGR than the offline payment segment during the forecast period. This can be attributed to factors such as ease of use and growing acceptance of online payments among consumers across regions.
Product Definition:
A synthetic leather material made from a polyurethane-based plastic. Polyurethane-based synthetic leather is used in upholstery, clothing, and other applications where a durable, imitation leather is desired.
Online Payment:
Online payment is a transaction carried out over an electronic network for the purpose of making payments. It involves the transfer of funds from one or more accounts held with financial institutions to another account held by the payee (the person or company to be paid) via internet banking, debit/credit cards, bank transfers, etc. Online payment has become an integral part of our daily lives as it offers numerous benefits such as ease and convenience and flexibility in terms of time and place.
Offline Payment:
Offline payment is also known as face to face payment. It involves the use of a real time exchange between two parties and not through any third party. The most common method of offline payment used in the polyurethane-based synthetic leather market is cash on delivery (COD). Cash on delivery has been considered one of the most secure methods for paying online because, it ensures that there will be no interference from any fraudulent activities such as hacking or theft.
Application Insights:
The e-commerce segment led the market and accounted for more than 54.0% share of the global revenue in 2017. The growth of this segment is attributed to increasing online shopping activities across the globe, particularly in developing countries such as China, India, and Brazil. Moreover, companies are focusing on providing a premium experience to their customers by offering cash-on-delivery and easy return options along with polyurethane synthetic leather products. This trend is expected to drive the demand for PU synthetic leather over the forecast period.
The retail application segment was valued at USD 159 million in 2017 owing to rising use of polyurethane synthetic leather products by fashion designers and apparel brands for designing innovative footwear accessories that offer comfort along with stylish designs suitable for both indoor as well as outdoor use situations such as during spring/summer season or winter wear respectively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing disposable income, rising population, and improved standard of living. Moreover, growing e-commerce industry in developing countries including China and India will drive growth further. Furthermore, government initiatives for infrastructure development are anticipated to boost demand for PU leather in utility applications during the forecast period.
North America was the second largest regional market after Asia Pacific on account of high product demand from residential as well as commercial sectors due to increased spending on construction activities in Mexico city metro area which has a population over 22 million people coupled with other major cities such as Monterrey.
Growth Factors:
- Increasing demand from automotive and furniture industries
- Growing awareness about the benefits of synthetic leather over natural leather
- Rising disposable income of consumers in developing countries
- Technological advancements that have led to the development of better quality synthetic leather products
- Stringent environmental regulations that promote the use of synthetic leather over natural leather
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurethane-Based Synthetic Leather Market Research Report
By Type
Online Payment, Offline Payment
By Application
E-commerce, Retail, Hospitality, Utilities and Telecommunication, Others
By Companies
Worldline, FIS (Worldpay), PayPal, Stripe, Apple Pay, Mastercard, Amazon Payments, Nexi Payments SpA, Arvato, Poste Italiane, Paysafe Group, Adyen, SIBS, Shopify, Lyra Network, Vodafone Wallet, Axepta SpA, TWINT, Paylib, MobilePay, Tesco Pay+, Paym
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Polyurethane-Based Synthetic Leather Market Report Segments:
The global Polyurethane-Based Synthetic Leather market is segmented on the basis of:
Types
Online Payment, Offline Payment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
E-commerce, Retail, Hospitality, Utilities and Telecommunication, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Worldline
- FIS (Worldpay)
- PayPal
- Stripe
- Apple Pay
- Mastercard
- Amazon Payments
- Nexi Payments SpA
- Arvato
- Poste Italiane
- Paysafe Group
- Adyen
- SIBS
- Shopify
- Lyra Network
- Vodafone Wallet
- Axepta SpA
- TWINT
- Paylib
- MobilePay
- Tesco Pay+
- Paym
Highlights of The Polyurethane-Based Synthetic Leather Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online Payment
- Offline Payment
- By Application:
- E-commerce
- Retail
- Hospitality
- Utilities and Telecommunication
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyurethane-Based Synthetic Leather Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyurethane-based synthetic leather is a type of synthetic leather that is made from polyurethane. This type of leather is often used to make products that are resistant to water and weather conditions, such as rain jackets, backpacks, and shoes.
Some of the key players operating in the polyurethane-based synthetic leather market are Worldline, FIS (Worldpay), PayPal, Stripe, Apple Pay, Mastercard, Amazon Payments, Nexi Payments SpA, Arvato, Poste Italiane, Paysafe Group, Adyen, SIBS, Shopify, Lyra Network, Vodafone Wallet, Axepta SpA, TWINT, Paylib, MobilePay, Tesco Pay+, Paym.
The polyurethane-based synthetic leather market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyurethane-Based Synthetic Leather Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyurethane-Based Synthetic Leather Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyurethane-Based Synthetic Leather Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyurethane-Based Synthetic Leather Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyurethane-Based Synthetic Leather Market Size & Forecast, 2020-2028
4.5.1 Polyurethane-Based Synthetic Leather Market Size and Y-o-Y Growth
4.5.2 Polyurethane-Based Synthetic Leather Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Online Payment
5.2.2 Offline Payment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 E-commerce
6.2.2 Retail
6.2.3 Hospitality
6.2.4 Utilities and Telecommunication
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurethane-Based Synthetic Leather Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyurethane-Based Synthetic Leather Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Online Payment
9.6.2 Offline Payment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 E-commerce
9.10.2 Retail
9.10.3 Hospitality
9.10.4 Utilities and Telecommunication
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Online Payment
10.6.2 Offline Payment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 E-commerce
10.10.2 Retail
10.10.3 Hospitality
10.10.4 Utilities and Telecommunication
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Online Payment
11.6.2 Offline Payment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 E-commerce
11.10.2 Retail
11.10.3 Hospitality
11.10.4 Utilities and Telecommunication
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Online Payment
12.6.2 Offline Payment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 E-commerce
12.10.2 Retail
12.10.3 Hospitality
12.10.4 Utilities and Telecommunication
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Online Payment
13.6.2 Offline Payment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 E-commerce
13.10.2 Retail
13.10.3 Hospitality
13.10.4 Utilities and Telecommunication
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyurethane-Based Synthetic Leather Market: Competitive Dashboard
14.2 Global Polyurethane-Based Synthetic Leather Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Worldline
14.3.2 FIS (Worldpay)
14.3.3 PayPal
14.3.4 Stripe
14.3.5 Apple Pay
14.3.6 Mastercard
14.3.7 Amazon Payments
14.3.8 Nexi Payments SpA
14.3.9 Arvato
14.3.10 Poste Italiane
14.3.11 Paysafe Group
14.3.12 Adyen
14.3.13 SIBS
14.3.14 Shopify
14.3.15 Lyra Network
14.3.16 Vodafone Wallet
14.3.17 Axepta SpA
14.3.18 TWINT
14.3.19 Paylib
14.3.20 MobilePay
14.3.21 Tesco Pay+
14.3.22 Paym
